The Trail

Jackson Hole 2014: Laboring for a grip on when to hike

Global central bankers and Fed officials devote the 2014 Jackson Hole policy conference to labor markets, the linchpin in the decision on when to begin hiking U.S. rates after five years of stimulus.

TRANSCRIPT +

Sports with Reuters that Jackson late march with a world central bankers are just wrapping up their annual go global central banking summit. Now the highlight of course was that your -- he delegates each. And her conclusion was that the Fed still has at least for now more room to keep the pedal to metal on stimulus. Of course are those within the Fed who were David yellen and the others aren't getting behind the curve. People like Charlie Plosser of Philadelphia fed wanted to move quickly to get rates higher. The -- at this point is better for us to start raising rates and -- -- gradually went so wrong mark on. We don't feel like -- Yeah. Here's John Taylor a Stanford University. Who says that they should keep its eye on the bigger picture which includes of course inflation. And grow. Which hasn't been put into -- And there are others like Alan Blinder. Former fed vice chairman. Who heard -- speech and thought it was a thoughtful assessment. Of the unemployment situation in this country -- Right now. But then check. She insane things. My dad sometime. The of course were the reasons. All the central bankers gathered here in Jackson Hole it's that they can spend a little bit of quiet time together have conversations about policy. How those policies might affect other countries around the world. News Agilent hikes and discuss the things we saw Jeremy gallon barrier drug you European Central Bank discussing. Policy matters or maybe just personal matters yesterday. -- for example at a speech where he. Said very clearly. That the European situation is on the brink in the ECB might have to go in the other direction and actually had stimulus. Now all in all it shows the United States is probably in -- better situation and much of the developed world and that is probably some -- combined as day esoteric battle in the bed. Play out in the months and years ahead. I'm -- inspector for Reuters.

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